President-elect Joe Biden has watched as a stock market surge as he prepares to take power next year. Here’s how the markets did in other months when America learned it would soon have a new President.
Top news and what to watch in the markets on Friday, November 27, 2020.
Doing your Christmas shopping on the day after Thanksgiving Day is a time-honored tradition in the U.S. However, it wasn't until 1966 that someone used the term "Black Friday" to describe the event. The first observation that jumps out from reviewing the charts of the S&P 500 index (SPX) is the frequency with which the day tends to close higher compared to the previous session's close on the Wednesday before Thanksgiving.